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Oracle Exam 1Z0-516 Topic 9 Question 15 Discussion

Actual exam question for Oracle's 1Z0-516 exam

Question #: 15
Topic #: 9

[All 1Z0-516 Questions]

The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger.

They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes.

As an implementation consultant, what one recommendation would you make to meet the above requirement?

ACreate two primary ledgers with the standard cash method.

BCreate two primary ledgers with the standard accrual method.

CCreate a primary ledger with standard cash, and a reporting ledger with standard accrual.

DCreate a primary ledger with the standard accrual method, and a reporting ledger with standard cash.

ECreate a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.

Show Suggested Answer

Suggested Answer: D

by Joesph at Mar 18, 2024, 06:33 AM

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Billi

5 days ago

Oh man, this is a tricky one. I can see the appeal of Option E, but maintaining two full ledgers sounds like a headache. I'm leaning towards Option C myself.

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Ailene

9 days ago

Hmm, I'm not sure about having two primary ledgers. That could get messy. I think Option D makes the most sense - use the primary for accrual and the reporting for cash. Nice and simple.

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Nettie

18 days ago

I'm not sure, but I think option D could also work. It separates the two methods clearly.

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Lenora

19 days ago

I agree with Karina. Having a primary ledger with cash and a reporting ledger with accrual makes sense.

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Talia

19 days ago

Option C sounds like the way to go. Keep the primary ledger on cash basis for reporting, and use the reporting ledger for accrual-based financials. Elegant solution!

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Karina

21 days ago

I think option C is the best choice.

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